Christine Welch
West Chicago, IL (USA)
Role(s):
Other
The Coffeecake Connection Company
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Startup
Location:
West Chicago
Industry:
Manufacturing
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"S" Corporation
Description:
The Coffeecake Connection is a provider of gluten-free desserts. We are looking for investment to purchase our co-packer (a certified gluten-free, kosher, organic and dedicated nut-free ) manufacturing facility. They have expressed interest in selling as an "asset" sale. 2014 bakery revenue was $241K with net profit of $38K. They currently bake for Trader Joe's (regionally 2 products), The Coffeecake Connection and Carols' cookies.
With investment, we would purchase the manufacture, maintain current operational team, location, invest in equipment and hire either food brokers or sales team to help us expand.
The Coffeecake Connection is selling to the following channels: e-commerce (direct to consumer); corporate gifting; wholesale food service (hotels, restaurants, deli's Compass USA/Eurest Dining managed properties), gourmet specialty/retail.
The Co-Packer is LLC. Willing to create holding company with investor to have equity in both companies.